Transactions Rumors | Hoops Rumors

Hawks Sign Armoni Brooks

August 27th, 2019 at 11:51am CST by Luke Adams

11:51am: Chris Vivlamore of The Atlanta Journal-Constitution confirms (via Twitter) that Brooks received an Exhibit 10 contract.

11:13am: The Hawks have officially signed undrafted rookie guard Armoni Brooks to a contract, the team announced today in a press release. Details of the deal weren’t disclosed, but it figures to be a non-guaranteed Exhibit 10 contract.

Brooks declared for the draft this spring as an early entrant after a junior season in which he posted 13.4 PPG and 6.3 RPG in 37 games for Houston. Of his 425 field goal attempts, 310 came from beyond the arc.

Word broke shortly after the draft that Brooks was signing with the Wizards as an undrafted free agent, but it appears that agreement was only for the Summer League. The 6’3″ guard struggled in limited minutes in Las Vegas, making just 4-of-24 shots from the floor in three games (12.7 MPG) for Washington.

The Hawks now have 18 players formally under contract, with Brooks joining Marcus Derrickson and Ray Spalding as training camp invitees without guaranteed salaries. Vince Carter has also reached a deal with the team, so Atlanta will have just one open spot left on its 20-man offseason roster once Carter officially signs.

Dwight Howard Signs With Lakers

August 26th, 2019 at 6:23pm CST by Dana Gauruder

6:23pm: The Lakers have issued a press release to announce the signing, Tania Ganguli of the Los Angeles Times tweets. The club also confirmed that Aric Holman has been waived.

4:46pm: After clearing waivers, Dwight Howard is officially signing his contract with the Lakers, Shams Charania of The Athletic tweets.

It’s a $2,564,753 veteran’s minimum deal, but Howard’s contract doesn’t have any salary protection, according to ESPN’s Bobby Marks (Twitter link). He’ll earn $14,490 for every day he’s on the roster, with the clock starting on October 21.

An Exhibit 9 clause will likely be inserted into Howard’s summer contract, in which the team would only be on the hook for $6K if Howard is injured and waived before the regular season, Marks adds (Twitter link).

The Grizzlies waived Howard after reaching a buyout agreement with the veteran center last week. Howard pledged to sign with the Lakers prior to the buyout.

Howard had several meetings with the Lakers, who noted that he had lost weight. Howard also demonstrated that his back was healthy after he only played nine games with the Wizards last season.

The Lakers will have to make a corresponding move, since they already have a full 20-man training camp roster.

Lakers Waive Forward Aric Holman

August 26th, 2019 at 5:45pm CST by Dana Gauruder

The Lakers are waiving forward Aric Holman to open up a roster spot for Dwight Howard, Chris Haynes of Yahoo Sports tweets.

The Lakers had a full 20-man training camp roster prior to the addition of Howard and needed to make a corresponding move.

Holman was signed to an Exhibit 10 deal last month. He went undrafted and spent his college days at Mississippi State. The power forward blocked at least two shots in 61 of his 124 collegiate games. He averaged 9.5 PPG, 6.2 RPG and 1.6 BPG with a .473/.429/.701 shooting line in his senior year.

He averaged 4.5 PPG and 3.8 RPG in 15.8 MPG in four appearances with the Lakers in the Las Vegas summer league.

Nets Sign Caris LeVert To Extension

August 26th, 2019 at 1:59pm CST by Luke Adams

AUGUST 26: The Nets have officially signed LeVert to an extension, the team announced today in a press release.

“Caris personifies what it means to be a Brooklyn Net, and we firmly believe his best basketball is in front of him,” GM Sean Marks said in a statement. “The growth he has displayed in his first three seasons is a testament to his tireless work ethic, along with an unrelenting will to maximize his talents and achieve team success. Our entire organization is excited to continue to have Caris as one of the leaders of our program moving forward.”

AUGUST 25: The Nets and guard Caris LeVert have agreed to a rookie scale extension, according to ESPN’s Adrian Wojnarowski, who reports (via Twitter) that the new deal is worth $52.5MM over three years. It will go into effect during the 2020/21 season, once LeVert’s rookie scale contract expires.

LeVert, who celebrated his 25th birthday on Sunday, was emerging as Brooklyn’s go-to option at the start of the 2018/19 season, averaging 19.0 PPG, 4.2 RPG, and 3.7 APG in his first 13 games (30.7 MPG). However, a dislocated foot derailed his breakout season, forcing him out of action until February.

In his final 26 regular season contests, LeVert didn’t show the same explosiveness or shooting touch, averaging just 11.2 PPG on .394/.312/.661 shooting in 24.9 minutes per contest. However, in the Nets’ playoff series vs. the Sixers, he flashed that early-season form, scoring a team-high 21.0 PPG with a .493/.462/.724 shooting line in five games (28.8 MPG).

LeVert’s new three-year, $52.5MM deal – which will have annual cap hits of $16.2MM, $17.5MM, and $18.8MM, per ESPN’s Bobby Marks – is a fascinating deal for both sides. The Michigan alum has star upside, so the Nets may have themselves a steal by locking him up for a per-year salary of $17.5MM for three seasons in his prime.

On the other hand, as Marks observes (via Twitter), LeVert’s career has been plagued by injuries dating back to his college days, and he has yet to play a full NBA season, so getting some long-term security likely appealed to him. Plus, by accepting a three-year extension, he’ll be in position to become an unrestricted free agent in 2023 as he enters his age-29 season. Assuming he delivers on his potential, he could be in line for a bigger payday at that time.

It remains to be seen how LeVert’s game will be impacted by the arrival of veterans like Kevin Durant, Kyrie Irving, and DeAndre Jordan, but the club clearly views him as one of its core players. Now that he has been locked up through the 2022/23 season, his contract is set to expire at the same time as those four-year deals (though Durant and Irving can opt out a year earlier).

With an eight-figure salary for Spencer Dinwiddie also on the books for next season, Brooklyn won’t have any cap room to work with in the summer of 2020. That shouldn’t be a problem — next year’s free agent class is expected to be weak, and it lost another intriguing name with LeVert coming off the board.

LeVert is the third player to reach an agreement with his current team on a rookie scale extension this offseason, with Ben Simmons (Sixers) and Jamal Murray (Nuggets) having previously signed max deals. There are still 17 players eligible to sign rookie scale extensions, including Pascal Siakam, Buddy Hield, and Jaylen Brown, among others.

Photo courtesy of USA Today Sports Images.

Grizzlies, Dwight Howard Agree To Buyout

August 24th, 2019 at 11:38am CST by ChrisCrouse

AUGUST 24: The Grizzlies have officially waived Howard, the team announced in a press release.

AUGUST 23: Dwight Howard and the Grizzlies have completed the buyout of his contract. The move will allow Howard to officially sign with the Lakers once he clears waivers.

Memphis had no intention of bringing Howard to training camp, according to Adrian Wojnarowski of ESPN.com (Twitter link), so allowing him to move on was best for the franchise.

Memphis made out well financially as a result of their experience with Howard. The big man was scheduled to make $5.6MM this upcoming season, but he agreed to give up nearly $2.6MM as a part of the buyout arrangement.

Earlier in the summer, Memphis acquired Howard in exchange for C.J. Miles, who is making $8.7MM for the 2019/20 season. The trade netted the team over $3MM in savings, which brings the franchise’s total savings in the series of moves to roughly $5.6MM.

The Grizzlies have the option to keep Howard’s remaining $3MM on their books this year or use the stretch provision, as Bobby Marks of ESPN.com tweets. Memphis is approximately $7.4MM below the luxury tax line.

Dwight Howard To Sign With Lakers

August 23rd, 2019 at 5:36pm CST by ChrisCrouse

Dwight Howard is returning to the Lakers. According to Shams Charania of The Athletic (Twitter link), Howard and the Grizzlies are finalizing a buyout and the center will latch on with Los Angeles once that it complete.

Howard had several meetings with the Lakers, according to Adrian Wojnarowski of ESPN.com (Twitter links). Howard came in after dropping 25 pounds and showcased his that back was healthy. Woj hears that the Lakers got the sense that Howard had hit “rock bottom” and it had humbled him. While the Lakers are signing the center, they are proceeding with caution, as the deal is non-guaranteed.

The team wants him to come in and serve in a rim protecting/rebounding role. Several Lakers players were involved in the decision to bring Howard to the club.

The Lakers considered several options to fill the void DeMarcus Cousins‘ injury created. Joakim Noah also worked out for L.A. and the franchise believes that Noah and Howard could each help the team.

Howard’s deal will pay him the veteran’s minimum, which will be worth approximately $2.6MM. Again, it’s non-guaranteed.

Photo courtesy of USA Today Sports Images

Hawks Sign Marcus Derrickson To Exhibit 10 Deal

August 23rd, 2019 at 1:07pm CST by Luke Adams

AUGUST 23: The signing is official, tweets Chris Vivlamore of The Atlanta Journal-Constitution.

AUGUST 2: The Hawks have reached an agreement to sign free agent forward Marcus Derrickson to an Exhibit 10 contract, reports Shams Charania of The Athletic (via Twitter).

Derrickson, 23, spent the 2018/19 season with the Warriors on a two-way contract. He appeared in just 11 games for the NBA club, averaging 4.2 PPG in limited action. However, he played a much more substantial role for the Santa Cruz Warriors, recording 13.7 PPG and 5.6 RPG on .467/.419/.841 shooting in 35 G League contests (27.2 MPG).

The Hawks, who have 13 players on guaranteed contracts, are also bringing Ray Spalding to training camp on an Exhibit 10 deal, and will likely keep adding to that list as September approaches.

If Atlanta doesn’t sign any more veteran free agents, it could open the door for Derrickson, Spalding, and other camp invitees to compete for regular season roster spots.

Terry Larrier Signs Exhibit 10 Deal With Clippers

August 23rd, 2019 at 9:45am CST by ChrisCrouse

AUGUST 23: The signing is official, according to the Real GM transactions page.

AUGUST 17: The Clippers are bringing in Terry Larrier on an Exhibit 10 deal, according to Jovan Buha of The Athletic (Twitter link). Larrier is a long shot to make the roster for Los Angeles, though he’ll likely play for the club’s G League affiliate, the Agua Caliente Clippers.

Larrier was not selected during the 2018 draft. The 6’8″ guard made his collegiate debut at VCU before transfering to UConn and spending two season with the school.

He most recently was with the Spurs for this offseason’s Summer League. He played in the event for the Grizzlies in 2018.

Cavaliers Sign Alex Robinson

August 23rd, 2019 at 9:07am CST by Arthur Hill

The Cavaliers have signed former TCU guard Alex Robinson, according to the Real GM Transactions Log. Details were not released, but it’s most likely a partially or non-guaranteed training camp deal.

After going undrafted in June, Robinson reached an agreement to play for the Kings in Summer League. He averaged 3.0 points and 1.3 assists in three games in Las Vegas.

Robinson set the career assist record during his three seasons with the Horned Frogs. He started out at Texas A&M before transferring after his freshman season.

Cleveland now projects to have a full 20-man roster heading into training camp, based on the expected signings of Marques Bolden, J.P. Macura and Sindarius Thornwell. The Cavs have 13 players with guaranteed contracts.

Jazz Sign Trevon Bluiett, Juwan Morgan To Exhibit 10 Deals

August 21st, 2019 at 9:54pm CST by ChrisCrouse

The Jazz have added Trevon Bluiett and Juwan Morgan to their training camp roster, as the team announced on its Twitter feed. Both players will participate under Exhibit 10 deals.

Bluiett spent last season with the Pelicans on a two-way contract before finding himself on the Salt Lake City Stars, Utah’s G League affiliate. The scoring wing played his collegiate ball at Xavier.

It was previously reported that Morgan had agreed to an Exhibit 10 deal. The forward was not selected in the 2019 NBA draft after spending four seasons at Indiana.

Neither player is expected to make the NBA roster, instead each will likely find their way to the Stars after training camp. The Jazz currently have 20 players under contract, which is the maximum allowed.